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on the table. the president says you know, you've got to repeal these tax cuts for the wealthy, john boehner says no, we're going to stunt growth in the economy if we do that. i think they all agree you have to extend tax cuts at least for the middle class, that's kind of the intersection of the diagram, if you will, where they do agree. the question that i have is there is a way to increase tax rates for the wealthy without just raising the rate to 39.6 from 35, is there a way to do that, say, through tax reform, where you cap deductions for the wealthiest taxpayers, and in effect they will pay a higher rate, but you won't call it a higher rate. so, is that a matter of semantics? >> he says the wealthiest to pay a little more in taxes. i didn't hear him use the number 35% or 39.6%. >> exactly. >> so if they eliminate a lot of deductions and say if you're making more than than amount of money, you're not going to be eligible for these deductions, these loopholes, these tax credits or whatever, is that an area where they can exrie myself. >> he's had a proposal exactly to that effect in the l
with john boehner, the senate republican leader mitch mcconnell. is he planning on sitting down with those two republican leaders any time soon? is the white house saying? >> reporter: there's nothing announced for a leaders meeting so far. but i am certain, wolf, that that will be coming because there's such important negotiations ahead. i'm told that the president's conversation with speaker boehner was courteous, it was brief. and i'm told that they also discussed the importance of keeping their public statements vague or general enough so that they leave themselves enough private negotiating room to get a deal done to avoid the fiscal cliff, wolf. >> that's probably smart too. thanks very much for that, jessica. let's dig a little bit deeper right now with our chief political analyst gloria borger. isn't his responsibility right now though to take the first step, offer a proposal to boehner, to mcconnell, to the republicans? we assume that the democrats, nancy pelosi would go along and harry reid would go along with the president. >> well, i think as jessica's saying, the president bel
the house speaker, john boehner. he says he is willing to accept new revenue, but not from higher tax rates on wealthy americans, so where is the compromise here. what is the offering? >> well, exactly. i mean, that's what we were standing what we are several months back. both sides say they want to find common ground and both of them remain dug in over this big issue of taxes. they should have to share the burden of bringing down the dead, and let's listen more of what speaker boehner had to say in his speech yesterday. >>> certainly won't do in a lame-duck session of congress. it won't be solved simply by raising tacks or taking a plunge off the fiscal cliff. >> you mentioned they are open to new revenue, and it's very important where that revenue comes from, and it has to come from the right place. to him the right place is not raising taxes on higher earners, it's tax reform that would lower rates for everyone, and it's economic growth that would bring in more sales taxes and that sort of thing. >> harry reid says this is kicking it down the road, if you will. is there anything that's g
Search Results 0 to 2 of about 3